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India’s car market may grow fivefold by 2047, driving Suzuki’s goal to grab 50% of sales

SCMP LogoSCMP4h ago

India’s car market may grow fivefold by 2047, driving Suzuki’s goal to grab 50% of sales - SCMP

Quick Summary:

Suzuki plans to introduce its first-ever EV in India, as well as in Europe, next year after exhibiting its mass production model at the coming auto expo in India in January.

Maruti Suzuki sold 483,000 CNG cars in the latest fiscal period, up 47 per cent from a year earlier.

The emergence of India as an economic powerhouse and its expanding middle class present a clear opportunity for the Hamamatsu-based manufacturer, which has been active in the South Asian nation since 1983 and has found success as the top-selling carmaker with models such as Swift and Brezza.


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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 12:59:24 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21720773

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 8 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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